A-LevelAccountingAccounting for non-current assets9706/12 · Oct/Nov 2011 · Q31 Mark

What should companies not show as non-current assets in their balance sheets?

Aplant bought on hire purchase

Bplant fully depreciated

Cplant held on finance leases

Dplant held on operating leases

✓ Correct answer

D: plant held on operating leases

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Topic: Accounting for non-current assets, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2011 Paper 1 Variant 2, question 3.

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